ASML Holding NV, the Dutch maker of advanced chip-making machines that are critical to global supply chains, reaffirmed its long-term revenue outlook as it bets on an artificial intelligence-driven boom in semiconductor demand.

Europe's largest tech firm, computer chip equipment maker ASML, said on Thursday it expected sales growth to average 8% to 14% over the coming five years, as a boom in AI fuels strong demand for its most advanced tools.

The confirmation of earlier guidance from the Dutch semiconductor group is aimed at boosting investor confidence following the company's disappointing order intake in the third quarter of the year. Vi

European stocks rebounded as bullish outlooks by both Siemens AG and ASML Holding NV helped the market recoup some of the losses triggered by Donald Trump’s election victory.The Stoxx Europe 600 Index ended the session 1.